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Stocktwits Chart Art: May 14, 2024
The best charts and trade ideas from the day.
Tom Bruni
May 14, 2024
STOCKTWITS CHART ART: MAY 14, 2024
The Stocktwits Summary 📝
U.S. stock market indexes are pushing toward new all-time highs, with meme stocks at the center of attention and semiconductors starting to perk up again below the surface. Animal spirits are alive and well, with traders taking advantage of the momentum while it’s intact. 🤑
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.46%) | Neutral (53) | High (57) |
$QQQ (+0.64%) | Bullish (55) | High (57) |
$IWM (+1.03%) | Bullish (68) | Normal (53) |
$DIA (+0.28%) | Bullish (57) | High (60) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwits’ top Trending symbols:
CHART OF THE DAY
Nasdaq 100 Eyes New Highs As FOMO Kicks In 🤑
While everyone is focused on the “meme stock” mania, the broader market’s animal spirits remain intact. 🐂
Stocktwits user @Professor was one of several people to point out that the Nasdaq 100 is just a few percent away from hitting new all-time highs. It’s broken the downtrend line from its previous highs and looks poised to continue its run higher.
With the major indexes continuing to cook and retail trading activity surging in meme stocks, it looks like the path of least resistance remains higher. 🤷
Broadcom Follows The Nasdaq 100 In Its Breakout 🔺
Nvidia’s Setup Spells Higher Semi Prices 🤩
Micron Making Its Move To New Highs 😮
Applied Materials Consolidates Near All-Time Highs 🏭
Taiwan Semiconductor Sits Just Below Former Highs 👀
SoFi Is The Latest Stock Setting Up For A Squeeze 💸
Nutrien Nears A Potential Long-Term Reversal ⏪
VR Company Cashes In On The “Dash For Trash” 😎
Buying This Stock Could Be A Genius Move 🤔
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